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Fed launches new plan to help money market funds

WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday launched a new program to fund purchases of $600 billion worth of money market mutual fund assets in the latest step to provide liquidity to... Read More

Bury 8 months, 3 weeks, 3 days ago by Reuters
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U.S. bailout panel: toxic assets may need more support

WASHINGTON (Reuters) - The Treasury Department should consider expanding programs to cleanse troubled assets from bank balance sheets if current efforts fail to restart markets or if economic conditio... Read More

Bury 6 months, 4 weeks, 1 day ago by Reuters
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SEC investigating Huron for accounting errors

(Reuters) - Huron Consulting Group Inc , whose shares plunged in the wake of an accounting scandal, said it is being investigated by the U.S. Securities and Exchange Commission for acquisition-related... Read More

Bury 6 months, 4 weeks, 1 day ago by Reuters
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FDIC proposals on banks buys draw fire as comments end

NEW YORK (Reuters) - Lone Star Funds joined other big private equity names in opposing proposed U.S. rules for investments in failed banks, as a designated period for public comment on the draft regul... Read More

Bury 6 months, 4 weeks, 2 days ago by Reuters
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Judge will not sign off on BofA, SEC bonus pact

NEW YORK (Reuters) - A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch... Read More

Bury 6 months, 4 weeks, 2 days, 24 minutes ago by Reuters
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Wall Street futures point to higher start

(Reuters) - Futures for the Dow Jones industrial average, S&P 500 and Nasdaq 100 rose 0.2-0.3 percent, pointing to a firmer start on Wall Street on Tuesday. Read More

Bury 6 months, 4 weeks, 1 day ago by Reuters
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Resolution in $3.1 billion Friends buy, sees more deals

LONDON (Reuters) - Britain's Resolution , an acquisitions vehicle founded by entrepreneur Clive Cowdery, clinched its first deal on Tuesday with the 1.86 billion pound ($3.1 billion) takeover of insur... Read More

Bury 6 months, 4 weeks, 1 day ago by Reuters
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Abu Dhabi to buy Chartered; Hynix stake up for grabs

SINGAPORE/TAIPEI (Reuters) - Abu Dhabi's state-owned ATIC offered to buy Chartered Semiconductor for $1.8 billion, while major shareholders in Hynix began the sale of a $2.8 billion stake, kick-starti... Read More

Bury 6 months, 2 days ago by Reuters
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U.S. looks to cut deficit with unused TARP funds: report

(Reuters) - The White House is looking to cut its budget deficit by using some unspent funds from the U.S. government's Troubled Asset Relief Program (TARP), the Wall Street Journal said, citing peopl... Read More

Bury 3 months, 4 weeks, 5 hours ago by Reuters
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APEC to back "market-oriented" currencies

By Bill Tarrant SINGAPORE (Reuters) - Asia-Pacific governments were expected on Thursday to stick with economic stimulus plans and make a joint call for market-oriented exchange rates to ensure... Read More

Bury 3 months, 4 weeks, 4 hours ago by Reuters

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